520.3.7. In the same manner, the board of directors of an institution may appoint identity verification agents in an emergency, for a term not exceeding 30 days, to carry out the verifications provided for in subparagraph 1 and subparagraph a of subparagraph 4 of the first paragraph of section 520.3.10. The board of directors may designate a person to perform all or some of its responsibilities with regard to the appointment of identity verification agents.
The identity verification agents must take the oath provided in Schedule II.
A copy of the instrument of appointment must be sent to the Minister without delay.